Don't Blunder Like Buffett: How Rookie IRA Investors Can Make Him Pay Dividends
By Rookie IRA Investor:
Berkshire Hathaway Inc. (BRK.B) is an multinational conglomerate holding company headquartered in Omaha, Neb., that oversees and manages a number of subsidiary companies.Berkshire now owns a diverse range of businesses including confectionery, retail, railroad, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales; newspaper publishing; manufacture and distribution of uniforms; as well as several regional electric and gas utilities and a railroad.Its holdings include insurers GEICO, General Re, NRG, and Berkshire Hathaway Insurers, and large stakes in publicly traded companies such as American Express (AXP), Kraft (KFT), The Coca-Cola Company (KO), IBM (IBM), Bank of America (BAC) preferred stock, and many other profitable publicly traded companies.The CEO of Berkshire Hathaway receives an annual salary of only $100,000 and gets no stock options, but don't cry for him, because his name is Warren Buffett. Buffett bought the company in 1964 and he owns 35% of the stock. TheComplete Story »
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